Market Sectors

New Jersey has an unmatched location and a population that developers dream about. It’s no wonder the commercial real estate industry is flourishing and evolving across all segments of the market.

People
Levine joins Gottesman Real Estate Partners as vice president

Gottesman Real Estate Partners has hired Zachary Levine as vice president, bolstering the team overseeing its portfolio across New York, New Jersey, Connecticut and North Carolina.

Finance & Capital Markets
Cronheim sources $5.9 million refi for 90,000 sq. ft. New Providence flex building

The owner of nearly 90,000 square feet of industrial flex space in New Providence has refinanced the property for $5.85 million, in a deal arranged by Cronheim Mortgage.

Office
Sheldon Gross named property manager for 26,000 sq. ft. office condo building in Fair Lawn

The owners of an office condominium building in Fair Lawn have tapped Sheldon Gross Realty to manage the nearly 26,000-square-foot property.

Professional Services
Newmark taps Moynihan as tristate region market leader

Newmark has appointed Sean Moynihan as its tristate region market leader, filling the newly created role as the firm looks to grow in New York, New Jersey and Connecticut.

Professional Services
Garcia among newest additions to Connell Foley executive committee

Real estate and land use attorney George Garcia has joined Connell Foley LLP’s executive committee, in one of several new leadership moves announced by the firm.

Retail
Credit union inks sale-leaseback for Pleasantville bank building, Vantage Commercial says

A credit union has sold and leased back a 6,500-square-foot bank building in Pleasantville as part of a recent transaction arranged by Vantage Commercial.

Industrial
KABR sells 190,000 sq. ft. Long Island industrial building for $15.3 million, JLL says

KABR Group has sold a nearly 190,000-square-foot industrial building on Long Island for $15.25 million, in a deal arranged by JLL’s Morristown-based capital markets team.

Deals
WCRE: Investor buys 3,200 sq. ft. office, residential building in Maple Shade

An investor has purchased a 3,200-square-foot mixed-use building in Maple Shade Township, according to a brokerage team with Wolf Commercial Real Estate.

Industrial
Realterm buys 632,000 sq. ft. industrial outdoor storage portfolio in North Jersey, other key markets in reported $277 million deal

Global investment manager Realterm has acquired a sprawling, multistate portfolio of industrial outdoor storage properties that includes assets in northern New Jersey.

Residential & Mixed Use
Shorewood, city officials debut 280-unit rental building at Newark’s Ballantine Brewery site

Shorewood Real Estate Group has unveiled a collection of 280 apartments in Newark’s Ironbound section, bringing a new use to the once-iconic Ballantine Brewery site and setting the stage for additional projects in the historically industrial neighborhood.